The global vascular access device market reached a value of $12.5 billion in 2023 and is projected to grow at a rate of 2.4% to nearly $15 billion. Over 60 vascular access companies across 7 continents were analyzed for this research. The market is expected to expand significantly, primarily driven by long-term devices like implantable ports, central venous catheters (CVCs), and peripherally inserted central catheters (PICCs). Technological advancements, higher costs, power-injection capabilities, and features like antimicrobial or antithrombogenic coatings further fuel this growth. Notably, Becton Dickinson maintained its dominance in the market in 2023, while 3M held the second position. In the central venous catheters section, Teleflex emerged as the market leader.
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[Source: GlobeNewswire, November 17th, 2023]